After graduating in 1952 with a Bachelor of Science in Philosophy, he worked various jobs in the financial industry. He moved to the United States four years later, where he would eventually amass his fortune. In 1969, he started his own hedge fund, Soros Fund Management. But his rise to success began when he partnered with Jim Rogers to co-found the Quantum Fund in 1973.
At a time when traditional investing methods concentrated on individual stocks or bonds, the Quantum Fund employed a revolutionary way of investing. Using Soros’ investment philosophy centred on reflexivity, the fund took a global macro strategy that concentrated on predicting changes in global financial markets.
This approach paid off. Soros and Rogers achieved great success, but not without controversy. In 1992, Soros earned the title of “the Man who broke the Bank of England” when they took a massive bet against the British pound, which earned a profit of over $1 billion in one day.